BALTIMORE-Arlington, VA-based Altus Realty Partners LLC is closing on its third Baltimore acquisition in the next two weeks. The firm did not disclose the contract price for the 131, 800-sf former Mercantile Bank office and operations center, which is located in the Linthicum Heights submarket.

Terry Hindermann, principal at the firm, though, did tell that it will be investing some $3.5 million in renovations to transition the single-use building to a facility that could support multi-tenants as well as develop parking on part of the 18 acres that is included in the purchase. The firm is acquiring the building from PNC, which acquired Mercantile Bank.

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